When the price level falls, the total quantities of goods and services demanded _______ and the AD curve ________
a. decreases; remains unchanged
b. remains unchanged; shifts to the right
c. increases; remains unchanged
d. increases; shifts to the right
e. decreases; shifts to the left
C
Economics
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Common property
a. is owned by specific people. b. is inexhaustible. c. refers strictly to land resource. d. refers to goods "owned" by society at large and freely usable by anyone.
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Which of the following does not explain why the aggregate demand curve is negatively sloped?
a. misperception effect b. open economy effect c. real wealth effect d. interest rate effect
Economics